Business

Petrol Prices may drop in next review

Published by

Abdul khalique

3 weeks ago

Petrol prices may see major hike from Feb 1

ISLAMABAD: Pakistani consumers may receive another round of relief in Petrol Prices next week as international crude oil prices continue to ease following the recovery of oil supplies through the Strait of Hormuz and improving global market conditions.

According to market analysts, if the current trend in international petroleum prices continues and the rupee remains stable against the US dollar, petrol prices in Pakistan could decline by Rs2 to Rs6 per litre in the next pricing review. However, the final decision will depend on the recommendations of the Oil and Gas Regulatory Authority (OGRA) and approval by the federal government.

Latest Petrol Prices in Pakistan

Fuel	Current Price
Petrol (MS)	Rs299.50 per litre
High-Speed Diesel (HSD)	Rs304.60 per litre
Kerosene Oil	Rs194.85 per litre
Light Diesel Oil (LDO)	Rs178.20 per litre

Expected Petrol Prices

If international oil prices remain at current levels, analysts estimate the following prices:

Fuel	Current Price	Expected Reduction	Estimated New Price
Petrol	Rs299.50	Rs2–Rs6	Rs293.50–Rs297.50
High-Speed Diesel	Rs304.60	Rs2–Rs5	Rs299.60–Rs302.60

These estimates are unofficial and may change depending on global petroleum product prices, import premiums, exchange rate movements and government taxes.

Final Decision Awaited

The federal government is expected to announce the revised petroleum prices after reviewing OGRA’s recommendations. Any reduction will depend on international refined fuel prices, freight costs, the exchange rate and applicable petroleum levies.

Abdul khalique